Bank Repo

No transfer duty is payable by the purchaser. (Buying a bank repo is a VAT transaction, which is already included in the purchase price)

Property rates and taxes (including all arrears amounts in this regards) will be paid by the Bank until the date of registration.

All properties are sold voetstoots (meaning as is).

The Bank does not warrant that the Purchaser will be able to obtain vacant occupation of the property.

Where the property is guarded, an appointment must be made with the specific security company prior to viewing the property.

Important Information

You are currently viewing a 'property in possession', or bank repossessed property.

This means that the property is being put up for sale by the bank, following the bank having obtained a court judgment against a prior owner of the property against whom the bank instituted legal proceedings.

This also means that should the court judgment which the bank obtained be set aside or become unenforceable for any reason, the bank will no longer be able to sell the property.

Should you therefore conclude a sale agreement with the Bank for the purchase of a bank repossessed property, and the court judgment in terms of which the bank has repossessed the property is set aside, or becomes unenforceable for any reason, the bank will be entitled in its sole discretion to cancel the agreement, and you will have no claim against the bank of any nature arising from the bank's cancellation of the agreement.

If you choose to purchase the property you are currently viewing, the sale agreement which you will be required to sign will contain terms and conditions setting out the bank’s rights of cancellation as explained above.

If you are interested in buying this Standard Bank Repossessed Property, you can
make a Pre-Auction Offer now by clicking on
the Place Pre Auction Offer button.
Online offers take less than one minute to do.

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Notes by Standard Bank

This is a Standard Bank Repossessed Property.
Standard Bank uses your Pre-auction offer to determine which properties go on auction
next. All online bids and Pre-Auction offers on Standard Bank's Repossessed properties
must be logged on this system. Email any queries to StandardBank@myroof.co.za .

The steps involved in buying a repossessed property on online auction is similar to that of buying any
other property at an auction. If your bid is found to be successful at the end of the auction after the
auction closed, you will receive an email to notify you, which will contain the Conditions of Sale
contract as well as instructions to pay your 10% (or more) deposit. At this stage you will have 48 hours
to pay your cash deposit in order for Standard Bank to proceed with the transaction. Once your deposit
is paid Standard Bank will require you to complete and sign the Conditions of Sale contract and
fax to 086 517 0269 along with a certified copy of your ID book as well as proof of residential address
(water and electricity bill).
If you require finance for this property, you can apply at any bank for a bond, as you would do on
any other property. You need to take the signed Conditions of Sale contract to them with the
application documentation. Please take note that according to CPA regulations obtaining finance can
not be a suspensive clause in the contract.
Read Standard Bank frequently asked questions for more
info about Standard Bank Repossessed Property

Standard Bank Disclaimer
This list is produced by the Standard Bank of South Africa Ltd ("the Bank") for information purposes
only. All properties are sold "voetstoots" (meaning as is), and prospective purchasers' are advised
that the Bank does not guarantee vacant occupation of the properties being sold, and purchasers will
have to obtain vacant occupation at their own cost. You are advised to consult the relevant Deeds
Registry Office for accurate information pertaining to a particular property, such as size,
endorsements, servitudes etc. By making an offer on any property advertised on MyRoof.co.za, online, or
using any other medium you warrant that you understand that making an offer is not a bidding process
and Standard Bank, in its sole and unbiased discretion, and for whatever reason retains the right to
accept or reject any offer at any time for whatever reason and is not obliged to accept the highest
offer. All users of the information on this website do so at their own risk. Neither the Bank nor
MyRoof.co.za will be liable for any losses of whatsoever nature incurred, as a direct or indirect
result of the use of the information on this list.

Standard Bank recommends that potential purchasers visit(s) and inspect(s) each property prior to
submitting a bid via the online auctioneering platform to ensure that potential purchasers
familiarize themselves with the condition of the property, prior to submitting a bid. If potential
purchaser(s) are not able to view and inspect the property, Standard Bank advises potential
purchaser(s) to refrain from participating in the bidding process.

This single storey house floor area was measured at 3209m2 and erf size was measured at 3209m2.

If you make an online offer using the Make An Offer
button MyRoof will let you know if your offer was successful with the bank.
To make an offer takes less than a minute.

Many people buy bank repossessed houses to save thousands of rands on transfer fees.
Bank repossessed houses are normally priced way below the market value and offer great
value for money.

Looking to sell your property in Margate? Via MyRoof, you can sell house in a few easy steps, with professional help, every step of the Sell My House way. We've achieved 152 private property sales in Margate. Because of our superior offering, there is a high demand from people to
sell property in Margate. To market your house online for free, click on the "Sell My Property" tab at the top of
the page or the "Sell House" button on the right of this page.